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Sri Lanka's central bank on Friday raised its key interest rate for the first time in five years and asked commercial banks to reduce lending in the face of a trade deficit.

TERI University of India (The Energy and Resources Institute), which is a deemed university located in New Delhi, has conferred honorary doctorate on Norwegian Minister of Development Mr. Erik Solheim in its fourth convocation this year held on Wednesday. The deemed university, specialized in sustainable development, got accreditation in India in 1999. The university has [...]

Feb 03, Colombo: Luke Bronin, Deputy Assistant Secretary of the United States Department of the Treasury arrived in Sri Lanka Thursday with a four-member delegation.

The acting Geneva Advocacy Director at Human Rights Watch, Philippe Dam, has said in a statement issued by the HRW Thursday that justice and accountability will not come from the Sri Lankan government. “Only international action will address the suffering of victims,” Mr. Dam said urging the United Nations Human Rights Council to address the [...]

A.C.M. Asam, a member of the Kaaththaankudi Good Governance People Movement was abducted last Friday by an armed men who came in motorbikes when he was returning home after seeing his ailing mother in the Batticaloa Teaching Hospital. Mr. Asam was later released after four hours, according to M.M.Abdur Rahuman, Soora council member of the [...]

Feb 03, Colombo: Sri Lanka has decided to permit foreign owned companies registered with the Securities and Exchange Commission of Sri Lanka as “Margin Providers” to lend credit to investors of the Colombo Stock Exchange.

Feb 03, Colombo: Sri Lanka’s Central Bank today said it has decided to increase both the Repurchase rate and the Reverse Repurchase rate by 50 basis points each to 7.50 percent and 9.00 percent, respectively for the first time since 2007.

Sri Lanka unexpectedly raised interest rates to contain credit growth and inflation after the island’s economy expanded the most since at least the 1970s following the ending its decades-long civil war.

Feb 03, Colombo: Sri Lanka’s state-owned Sinhala daily The Dinamina reported today that intelligence units have revealed information on a joint conspiracy by the country’s major Tamil party, Tamil National Alliance (TNA) with the media right organization, Free Media Movement (FMM) to discredit Sri Lanka.

Feb 03, Colombo: Sri Lanka Public Service Nurses’ Union (PSUNU) says the government has agreed to grant solutions to 12 demands put forward by the union.

The government yesterday expressed confidence that the boycott imposed by the Tamil Nadu state on Sr..

Feb 03, Colombo: The cricket authority, Sri Lanka Cricket (SLC) has decided to convert the present inter club cricket tournament to a four-day series of encounters from 2014.

Feb 03, Colombo: Sri Lanka Minister of Fisheries Rajitha Senaratne says his Ministry is working with an unnamed Somali person to save the six Sri Lankan fishermen who have been held for ransom by the Somali sea pirates.

Feb 03, Colombo: Sri Lanka’s Sinhala daily The Divaina reported that the Easter Province Chief Minister Sivanesathurai Chandrakanthan alias Pillayan was engaged in a secret tour in Switzerland.

Feb 03, Colombo: The first fatal accident ton Sri Lanka’s first ever expressway claimed the life of a 26-year-old man in pre-dawn hours of Friday, the police said.

Sri Lanka's envoy to Australia says it fully supports the nomination of a controversial military officer to a UN body advising Ban Ki-moon.

Feb. 3 (Bloomberg) — Sri Lankan central bank Governor Ajith Nivard Cabraal talks about monetary policy and the nation's economy. Cabraal said the central bank raised its repurchase rate a half-percentage point to 7.5 percent and increased the reverse repurchase rate by the same amount to 9 percent.

Sri Lanka unexpectedly raised interest rates for the first time since 2007 to curb credit growth in the nation and ensure inflation stays low.

A 26-year-old was killed when his car skidded off the road on the Southern Expressway (E01) reportin..

Officials from Sri Lanka Customs at the Katunayake International Airport have nabbed an Indian who w..

The medicine and necessary medical equipment needed to treat bird flu will be supplied to hospitals ..

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points ..

A Sri Lankan government minister called on all political parties to participate in the parliamentary..

Sri Lanka is looking at the possibility of striking fresh deals with Saudi Arabia and Oman for oil i..

The only thing railway workers are capable of doing on time is downing tools. Their wildcat strike o..

Sri Lanka central bank Governor Ajith Nivard Cabraal, in an interview on Bloomberg Television today, said the central bank raised its repurchase rate a half- percentage point to 7.5 percent and increased the reverse repurchase rate by the same amount to 9 percent.

Sri Lanka's warmup match ahead of its tri-series limited-overs tournament with Australia and India has been rained out. Sri Lanka was to have played a Prime Minister's XI invitational team captained by Australia wicketkeeper Brad Haddin, who has been dropped from the national team for the start of the tri-series.

Feb 03, Colombo: Officials from Sri Lanka Customs at the Katunayake International Airport have nabbed an Indian who was trying to smuggle over 150 kilos of big onion seeds to the country.

Feb 03, Colombo: Leader of Sri Lanka’s main opposition United National Party (UNP) Ranil Wickremasinghe says the UNP led Colombo Municipal Council (CMC) should not be accused of any corruption or irregularities.

Feb 03, Colombo: A Sri Lankan government minister called on all political parties to participate in the parliamentary select committee (PSC) proposed to find a political solution to the ethnic issue, if they wished to know the government’s stance on the matter.

Sri Lanka captain Mahela Jayawardene refused to rule out strike action if the cricket team's pay crisis deepens but was hopeful it would be rectified long before that was necessary.

Feb 02, Colombo: Less than three years after the war Sri Lanka has resettled 98 percent of the nearly 300,000 war-displaced people in the North, a government minister said.

An official in Togo says authorities are holding more than 150 Sri Lankan refugees who entered the West African nation en route to Canada.

Feb 02, Colombo: The Sri Lankan Cabinet of Ministers has given permission for the government to conduct negotiations with the International Bank for Reconstruction and Development (IBRB) of the World Bank to obtain US $213 million loan for the implementation of the Metro Colombo Urban Development Project.

Feb 02, Colombo: The Sri Lankan Cabinet of Ministers has given permission for the government to conduct negotiations with the International Bank for Reconstruction and Development (IBRB) of the World Bank to obtain US $213 million loan for the implementation of the Metro Colombo Urban Development Project.

Rights activists have urged the government of Sri Lanka to intervene without delay to secure the release of six fishermen from Somali pirates.

Feb 02, Colombo: The Sri Lankan government is to hold a competitive examination to recruit accountants proficient in Tamil language to serve in the country’s Tamil-dominated North and East.

Families involved in cottage industries in Trincomalee say that they have suffered financial loss due to being disallowed from Sri Lanka’s Independence Day exhibition

Feb 02, Colombo: Sri Lanka has begun preparations to host the 2013 Commonwealth Heads of Government Meeting (CHOGM) that will bring the leaders of 54 member countries of the Commonwealth to the island.

Families involved in cottage industries in Trincomalee say that they have suffered financial loss due to being disallowed from Sri Lanka’s Independence Day exhibition

Feb 02, Colombo: Sri Lanka’s Cabinet has granted approval to impose spot fines on motorists who are not wearing seat belts.

Feb 01, Colombo: The Sri Lankan government today said that a final decision was yet to be taken with regard to whether or not to hand the report of the Lessons Learnt and Reconciliation Commission (LLRC) to the United Nations Human Rights Council (UNHRC) later this month.

Feb 02, Colombo: Sri Lankan health authorities have assured that the death of a large number of fowls earlier at a chicken farm in Bingiriya in the North Western Province is not due to bird flu and there is no cause for concern.

A group of persons, arriving in a white van and identifying themselves as from the Terrorism Investigation Division (TID), arrested two Tamil fishermen in Mannaar on January 19th, sources in Mannar said. The TID officers had later had informed relatives of the fishermen after inquiry that TID police had detained the fishermen on reports that [...]

New Sri Lankan skipper Mahela Jayawardene says it's time for his troubled squad to rebuild amid a form slump, off-field pay disputes and coach sackings.

Feb 02, Colombo: Sri Lanka’s Supreme Court today ordered the Court Registrar to issue notice on the Education Minister Bandula Gunawardena and four other respondents in a Fundamental Rights petition filed in courts seeking the withdrawal of the controversial 2011 GCE Advanced Level examination results and the release of fresh results.

Feb 02, Colombo: Sri Lanka’s national career SriLankan Airlines says more pilots will be recruited with its plans to expand the services.

Feb 02, Colombo: Sri Lankan government has decided to suspend import of five types of grains and pulses with immediate effect.

Feb 02, Colombo: Petroleum Minister of Sri Lanka Susil Premajayantha says that authorities have commenced discussions with several oil producing countries on the possibility of importing oil from those countries following the economic sanctions imposed on Iran by the United States and European Union.

Feb 02, Colombo: The Eastern Provincial Council of Sri Lanka has unanimously passed a resolution in the Council that land powers should be allocated to the provinces according to the 13th Amendment to the Constitution.

Feb 02, Colombo: Secretary of Sri Lanka’s major Muslim party Sri Lanka Muslim Congress (SLMC) Hassan Ali says his party will ask for a separate Muslim administrative unit in the Eastern Province.

Feb 02, Colombo: Sri Lanka has recorded the highest number of child abuse and rape and cases last year, local media citing police records reported.

Feb 02, Colombo: Foreign Employment Promotion Minister of Sri Lanka Dilan Perera says that unlike the politicians in the North and South of the country, the general public in those areas do not care about a solution beyond the 13th Amendment to the Constitution.

Feb 02, Colombo: Sri Lanka Minister of Health Maithripala Sirisena has instructed the officials to amend laws to impose severe punishment to deal with the bogus doctors that are practicing island wide.

Sri Lanka`s Ministry of Health has issued a warning that there may be a threat of avian (bird) flu a..

The Higher Education Ministry has warned parents to beware of a massive job racket involving the mis..

Colombo District UNP MP Ravi Karunayayake yesterday (Feb. 01) dared the government to come clean on ..

Media spokesman of the Jathika Hela Urumaya, Nishantha Warnasinghe said that his party is against t..